The Malthusian Theory Of Population
Background
Today, the world is in a hyper-consumeristic age where the economy is designed for people to overconsume resources. Planned obsolescence, materialism and convenience are key drivers of overconsumption which poses a major threat to the environment. [0] Figure 1. Malthusian Theory of Population [1]
As shown in figure 1, the linear growth in food and resources will not be able to sustain the exponential growth in population and we will eventually hit a point of crisis.
One way to address this issue is through the use of a collaborative model. Also known as sharing economy, it is currently in its embryonic stage yet many platforms like Airbnb, Uber and oBike are already achieving tremendous success. The astronomic growth of such platforms …show more content…
If not, the item can be returned and the loan can be cancelled on the application. The user can also declare a fault, including the reason for rejection and choose a similar item. To check for faults, there will be a socket provided for power tools. Cameras are installed all around the station for arbitration purposes such as when disputes are raised between users.
Finally, customers are charged in 15-minute blocks with rates dependent on the tool type. The fees will stop accruing when it hits a certain amount (10% above retail price) and there will be no need to return the item anymore. This essentially translates to a sale of the rented tool.
Should there be faulty tools, stations will notify the staff to come down to inspect and repair. An infraction will be incurred if the fault is found to be caused by the previous user. After three infractions, the user’s deposit will be forfeited and he has to pay the deposit again in order to resume usage of the service. …show more content…
To determine the technical feasibility, seed funding is required to fabricate a minimum viable product consisting of the prototype station and a mobile application.
Following satisfactory technical validation and market research, additional capital injection is required to build up a small network of stations. Extensive hardware and software testing and modification will be conducted.
The next round of funding will begin which kickstarts the hiring phase to acquire business development and marketing talent. Aggressive growth hacking is imperative to preserve market dominance. Stations will be installed islandwide to allow accessibility for the majority of the population.
Finally, the platform can potentially expand by using the same stations as an intermediary for peer to peer lending. Specialized and highly sought-after items can be rented out through the yourTool platform to decrease the cost of ownership and also to provide a low-cost access for the rest of the users. It also acts as an arbitrator when disputes are raised between the lender and borrower. Costs/Budget
Recurring Costs yourTool station $2500/unit (for storing 30
Today, the world is in a hyper-consumeristic age where the economy is designed for people to overconsume resources. Planned obsolescence, materialism and convenience are key drivers of overconsumption which poses a major threat to the environment. [0] Figure 1. Malthusian Theory of Population [1]
As shown in figure 1, the linear growth in food and resources will not be able to sustain the exponential growth in population and we will eventually hit a point of crisis.
One way to address this issue is through the use of a collaborative model. Also known as sharing economy, it is currently in its embryonic stage yet many platforms like Airbnb, Uber and oBike are already achieving tremendous success. The astronomic growth of such platforms …show more content…
If not, the item can be returned and the loan can be cancelled on the application. The user can also declare a fault, including the reason for rejection and choose a similar item. To check for faults, there will be a socket provided for power tools. Cameras are installed all around the station for arbitration purposes such as when disputes are raised between users.
Finally, customers are charged in 15-minute blocks with rates dependent on the tool type. The fees will stop accruing when it hits a certain amount (10% above retail price) and there will be no need to return the item anymore. This essentially translates to a sale of the rented tool.
Should there be faulty tools, stations will notify the staff to come down to inspect and repair. An infraction will be incurred if the fault is found to be caused by the previous user. After three infractions, the user’s deposit will be forfeited and he has to pay the deposit again in order to resume usage of the service. …show more content…
To determine the technical feasibility, seed funding is required to fabricate a minimum viable product consisting of the prototype station and a mobile application.
Following satisfactory technical validation and market research, additional capital injection is required to build up a small network of stations. Extensive hardware and software testing and modification will be conducted.
The next round of funding will begin which kickstarts the hiring phase to acquire business development and marketing talent. Aggressive growth hacking is imperative to preserve market dominance. Stations will be installed islandwide to allow accessibility for the majority of the population.
Finally, the platform can potentially expand by using the same stations as an intermediary for peer to peer lending. Specialized and highly sought-after items can be rented out through the yourTool platform to decrease the cost of ownership and also to provide a low-cost access for the rest of the users. It also acts as an arbitrator when disputes are raised between the lender and borrower. Costs/Budget
Recurring Costs yourTool station $2500/unit (for storing 30